SOLD
Storage Deluxe Acquires Industrial Property In Bushwick, BK For $45.5M
74 Bogart Street
Industrial
220,000 SF
220,000 SF
Summary
Sale
NEW YORK
Industrial
220,000 sqft
Located at 74 Bogart St in Bushwick, Brooklyn, this industrial property was recently sold in a closed transaction. The asset spans approximately 220,000 square feet and was sold for a total of $45,500,000, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $45,500,000
- Address: 74 Bogart St
- Market: Bushwick, BK
The sellers of this property were Abe Mandel and Joseph Brunner. The buyers, Steve Novenstein and Daniel Alvarez of Storage Deluxe, acquired the property through the representation of Steven Pollan, Daniel Myers, Rachael Brook, of Kassin Sabbagh Realty. The plans for the property involve demolishing it and constructing a 7-story storage facility, which will be operated by Cubesmart Self Storage.
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Details
SOLD
IMAGE: Rachael Brook, Steve Novenstein, Steven Pollan, Daniel Alvarez & Daniel Myers
DATE: 05/10/2019
ADDRESS: 74 Bogart St
MARKET: Bushwick, BK
ASSET TYPE: Industrial
SELLER: Abe Mandel & Joseph Brunner
BUYER: Storage Deluxe - Steve Novenstein & Daniel Alvarez
BROKERS: Steven Pollan, Daniel Myers, Rachael Brook - Kassin Sabbagh Realty
ASSET TYPE: Industrial
SALE PRICE: $45,500,000
SF: 220K ~ PPSF: $206
PLANS: Demolish, build a 7 story storage facility. @cubesmart_selfstorage will operate.View on map
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Address74 Bogart Street
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